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Manufacturer of discrete power semiconductors, including diodes and rectifiers.
Manufacturer of discrete power semiconductors, including diodes and rectifiers.
Moat: narrow (process know-how, scale). Manufacturing scale in a commoditized but qualification-sensitive discrete-device niche.
Headquarters: Kaohsiung, Taiwan
Size Pan Jit International (2481.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $1.25B, the 234th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$108.00 on 6 Nov 2026.
Performance Over six months the shares gained 5.9%, against -27.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 19 in its peer set.
Growth Revenue grew 9.2% over the last twelve months (peer median +18.3%); the operating margin is 8.8% (peer median 5.3%).
Valuation It trades at 15.0× forward earnings against a peer median of 26.2× (4th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +20 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.4 points below its cost of capital (8.8% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$14.0B | NT$13.1B | NT$12.5B | NT$12.7B | NT$13.2B |
| Revenue growth | — | +4% | -1% | -4% | — |
| Gross profit | NT$4.24B | NT$3.76B | NT$3.30B | NT$3.01B | NT$3.81B |
| EBITDA | NT$2.23B | NT$2.12B | NT$1.85B | NT$1.71B | NT$2.40B |
| Net income | NT$1.44B | NT$1.19B | NT$919M | NT$821M | NT$1.76B |
| Free cash flow | NT$1.06B | NT$2.30B | NT$1.75B | NT$1.16B | -NT$690M |
| Capital expenditure | NT$593M | NT$432M | NT$620M | NT$1.07B | NT$2.01B |
| Total debt | NT$10.7B | NT$9.59B | NT$9.85B | NT$10.5B | NT$10.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Pan Jit International 2481.TW | $1.25B | +6% | +9% | 9% | 15.0× | 24.5% |
| Diodes DIOD | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% |
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2481.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -40.2% | -25.9% | 7th lowest of 21 |
| 6-month return | +5.9% | -27.7% | 2nd highest of 19 |
| Distance from 52-week high | -53.5% | -54.2% | 10th highest of 21 |
| Revenue growth (TTM) | +9.2% | +18.3% | 8th lowest of 20 |
| Operating margin | 8.8% | 5.3% | 9th highest of 20 |
| Forward P/E | 15.0× | 26.2× | 4th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 24.5% | 13.3% | 5th most demanding of 10 |
| Growth delivered (Del g) | +4.5% | +24.2% | lowest of 10 |
| Hurdle (Req g minus delivered) | +20.0 pp | -1.6 pp | 2nd most demanding of 10 |
| ROIC minus cost of capital | -4.4 pp | -2.6 pp | 7th lowest of 20 |
| EV / EBITDA | 21.1× | 14.6× | 3rd most expensive of 9 |
| Net debt / EBITDA | 2.0× | -0.4× | 2nd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pan Jit International 2481.TW | Taiwan | $1.25B | +6% | +9% | 9% | 15.0× | 24.5% | +4.5% |
| UMS Integration 558.SI | Singapore | $1.25B | -27% | +10% | 21% | 21.1× | 12.8% | +8.8% |
| Jeju Semiconductor 080220.KS | South Korea | $1.24B | -4% | +284% | 32% | n/a | n/a | n/a |
| Supreme Electronics 8112.TW | Taiwan | $1.24B | -13% | +80% | 3% | n/a | n/a | n/a |
| Furuya Metal 7826.T | Japan | $1.26B | +7% | +75% | 25% | 10.3× | 13.3% | +24.2% |
| WOLF WOLF | United States | $1.26B | -49% | -12% | -67% | n/a | n/a | n/a |
| Faraday Technology 3035.TW | Taiwan | $1.26B | -9% | -32% | 5% | 29.6× | 25.2% | +26.8% |
| FADU 440110.KS | South Korea | $1.23B | -58% | +137% | -9% | 44.5× | 43.1% | +156.1% |
| Nuvoton Technology 4919.TW | Taiwan | $1.22B | -46% | 0% | -5% | n/a | n/a | n/a |
| Karamtara Engineering KARAMTARA.NS | India | $1.28B | n/a | n/a | n/a | n/a | n/a | n/a |
| Jilin Sino-Microelectronics 600360.SS | China | $1.21B | -15% | +11% | 3% | n/a | n/a | n/a |
| TSE 131290.KS | South Korea | $1.29B | -4% | +37% | 22% | 12.0× | 11.2% | +8.5% |
| Innostar Service 7828.TWO | Taiwan | $1.29B | -18% | +117% | 43% | 53.4× | n/a | n/a |
| LAPLACE Renewable Energy Technology 688726.SS | China | $1.30B | -36% | -22% | 8% | 24.5× | 1.4% | +62.8% |
| Hana Micron 067310.KS | South Korea | $1.18B | -39% | +54% | 14% | 6.1× | 0.4% | +23.3% |
| Shenzhen SOFARSOLAR 301658.SZ | China | $1.32B | -41% | +18% | -1% | n/a | 43.2% | +37.3% |
| Epiworld International 2726.HK | Hong Kong | $1.17B | -34% | -21% | -11% | n/a | 42.8% | +17.4% |
| Axera Semiconductor 0600.HK | Hong Kong | $1.15B | -34% | +19% | -135% | n/a | n/a | n/a |
| Shenzhen Qingyi Photomask 688138.SS | China | $1.35B | -7% | +6% | 16% | 30.3× | n/a | n/a |
| BASiC Semiconductor 9971.HK | Hong Kong | $1.15B | n/a | +4% | -104% | n/a | n/a | n/a |
| Lontium Semiconductor 688486.SS | China | $1.14B | -28% | +19% | 23% | 27.9× | n/a | n/a |